RRP 0.00% 8.5¢ realm resources limited

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-7

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  1. 1,619 Posts.
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    There is no need to vote here, Taurus will have the numbers to carry the motion on their own.

    It's interesting they are doing this now.

    Perhaps they are not expecting to be delisted any time soon!

    Perhaps they are expecting a trip to Court in the near future!

    Perhaps Gordon wants another opportunity to engage with minority shareholders!!!!!!!!!!!

    I'm sure shareholders will be welcome to attend, but the chances of asking a question that will be answered is close to, if not, 0.

    Based on the information provided, it seems like a reasonable step to take in seeking to replace the Auditor.

    It's interesting to see a mention of 'conflict of interest'.

    Gordon has been involved in one for over 2 years, it would appear his answer to this has been to work out which side of the interest suits him best and then do his best for that entity.

    Gordon has been Chairman for nearly 2 years and 2 months.

    Realm shares have traded for 6 weeks in this entire time. That's about 5.5% of the time. Has any Chairman (Gordon Galt) ever presided over the shares of an ASX listed Company being listed for 5.5% of the time????

    It's just luck he got that 5.5% as well.

    He got 4 weeks grace from the ASX when the Notice of Meetimg was lodged for last years EGM (remember the one where they got a 99.96% in support of a Capital Raising, but Gordon found many ways to avoid completing it).

    He got the other 2 weeks due to the incompetence of Taurus, their advisers, and the Board of Realm. This dates back to when the acquisition of the Foxleigh mine was first announced.
    They even admitted this themselves "The purchase of Foxleigh has resulted in the company having to re-comply with ASX listing rules. The process was not anticipated by your Board based on the extensive advice during the purchase process...."

    The Board made this purchase "after a long period of searching for an asset....over the last 4 years".....and "sought extensive advice during the purchase process".

    Perhaps next time you could consider actually asking the actual entity that makes the decisions about the interpretation of the rules!!

    Gordon has been great for the investors in Taurus, but I can't recall one good thing he has done for the non-Taurus aligned investors in Realm.

    It's such a shame the regulators have been very weak, in my opinion, by taking action no action here.
 
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